A modern six-storey standalone light industrial building at 1 Chang Charn Road is up for sale via an expression of interest exercise at a guide price of $49 million by sole marketing agent ETC.
The six-storey building within the Leng Kee automotive cluster has an existing gross floor area of approximately 7,602.82 sqm (81,836 sq ft). The guide price works out to approximately $599 per sq ft on the existing gross floor area.
Under the Urban Redevelopment Authority’s (URA) Master Plan 2025, 1 Chang Charn Road is zoned for “Business 1” use with a plot ratio of 2.5. Currently, the ground floor is occupied and used for car showroom purposes , while the upper floors are configured for a mix of media production, warehousing and ancillary office uses — all of which offer flexibility for a range of end-users and investors seeking a centrally located and operational facility.
The building sits on a land parcel of approximately 2,761.1 sqm (29,720 sq ft) , which has a balance tenure of about 31 years.
Located on a high-visibility corner site with dual frontages along Chang Charn Road and Hoy Fatt Road, the property enjoys approximately 137 m of combined frontage, offering the opportunity for strong branding exposure within the automotive cluster.
A short drive from the Central Business District, 1 Chang Charn Road enjoys excellent connectivity via major arterial roads and expressways, including Jalan Bukit Merah, Alexandra Road and the Ayer Rajah Expressway.
See also: Adjoining ground-floor strata shophouses at 28, 30 Dickson Road for sale at $9 mil
The property is also easily accessible by public transport, with Redhill MRT Station located approximately 500m away, adds ETC.
Swee Shou Fern, head of investment advisory at ETC, a member of Realion Group, says: “Standalone assets within the Leng Kee automotive cluster are tightly held and seldom available for sale. 1 Chang Charn Road, therefore, presents a compelling opportunity for automotive players, lifestyle showroom operators and light industrial occupiers seeking strong visibility within a well-established commercial cluster.”
The expression of interest exercise will close at 3pm on May 6.
